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205 S 122nd Avenue Avondale, AZ 85323

3 Beds 2 Baths 2,136 sqft Built 2001

$359,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $168.49
  • 3 Days on Market
  • MLS # : 6178453
  • Updated Date : 01/08/2021 at 21:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,136 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Gorgeous GOLF COURSE home available in Coldwater Springs. Highly sought after lot on 1st tee with incredible views! Ideal floor plan offers 3 bedrooms + DEN space, 2 bathrooms, formal living/dining areas and a spacious family room w/ custom entertainment center. Vaulted ceilings, custom paint tones & beautiful hardwood and tile flooring in all of the right places. Remodeled Chefs kitchen includes SS appliances, stylish white cabinets, and elegant pendant lighting over the HUGE Island adjacent to FIREPLACE! Master retreat includes a large walk in closet and a spa inspired ensuite with dual sinks and a separate tub and shower. Extended 3 car garage, RV gate and room for all of your toys. Resort style backyard is complete with a paver patio, a built in bbq, a putting green and a sparkling poo

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,250
Property Tax -$258
Property Insurance -$69
HOA -$41
Property Management Fees -$99
CASH FLOW
-$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$359,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,098

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,650

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,7504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 205 S 122nd Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 213 S 122nd Avenue Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 223 S 119th Drive Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 330 S 120th Avenue Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2004
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 12234 W Harrison Street Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178453
Last Updated: 01/08/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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